Canoe Financial LP Sells 289,577 Shares of Analog Devices, Inc. $ADI

Canoe Financial LP reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 45.3% during the first quarter, HoldingsChannel.com reports. The firm owned 349,485 shares of the semiconductor company’s stock after selling 289,577 shares during the period. Analog Devices makes up 1.5% of Canoe Financial LP’s portfolio, making the stock its 28th biggest position. Canoe Financial LP’s holdings in Analog Devices were worth $111,185,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. ING Groep NV boosted its stake in shares of Analog Devices by 45.1% during the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock valued at $60,358,000 after purchasing an additional 69,202 shares during the period. Nordea Investment Management AB grew its holdings in shares of Analog Devices by 247.3% in the fourth quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock worth $95,802,000 after purchasing an additional 249,702 shares during the last quarter. Covenant Asset Management LLC purchased a new position in Analog Devices in the 4th quarter worth about $2,500,000. HF Advisory Group LLC increased its stake in Analog Devices by 661.6% in the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock worth $13,477,000 after buying an additional 43,168 shares during the period. Finally, Jones Kertz & Associates Inc. bought a new stake in Analog Devices during the 4th quarter valued at about $1,480,000. Institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Robert W. Baird lifted their price target on shares of Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Jefferies Financial Group boosted their price target on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Raymond James Financial reissued an “outperform” rating and issued a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Cantor Fitzgerald raised their price objective on Analog Devices from $400.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.43.

Analog Devices Trading Up 0.1%

NASDAQ ADI opened at $387.14 on Monday. Analog Devices, Inc. has a one year low of $218.37 and a one year high of $445.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The company has a market capitalization of $188.57 billion, a price-to-earnings ratio of 57.52, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18. The company’s 50-day simple moving average is $408.01 and its two-hundred day simple moving average is $345.99.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company’s revenue was up 37.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities analysts forecast that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is 65.38%.

Insider Buying and Selling

In related news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total value of $563,723.76. Following the sale, the director directly owned 118,759 shares in the company, valued at approximately $47,279,145.49. The trade was a 1.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 101,442 shares of company stock worth $40,422,954 over the last quarter. Insiders own 0.36% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.